White founded White Lodging in 1985 with a single hotel in Northwest Indiana and grew the company into one of the industry’s largest privately held development, ownership and management companies.
The additional financial support will come from the Capital Improvement Board’s fund balance, which was bolstered in October with $50 million in revenue replacement funds through the federal American Rescue Plan Act.
The Fishers-based hotel developer and manager and Indianapolis-based American Structurepoint filed plans to build a five-story, 126-room hotel on 1.13 acres at 12164 N. Meridian Street.
The $550 million project includes a $125 million expansion of the Indiana Convention Center, as well as an 800-room hotel being developed by local developer Kite Realty Group Trust. A second 600-room hotel is planned for a later phase of the project.
The approval of such a study marks the first substantive step in the airport authority’s consideration of a hotel—which would sit on the west side of the existing terminal garage—since the terminal opened in 2008.
Airline executives say that based on bookings, they expect huge demand for flights over Thanksgiving, Christmas and New Year’s. Travel experts say the best deals for airfares and hotels are already gone.
Five of 20 downtown hotel projects announced before the pandemic have opened. But few of the remaining 15 have made substantive progress, despite a strong rebound in the district’s hotel occupancy rates.
City officials see the 0.65-acre parcel at 222 N. Alabama St. as a connector between the Mass Ave cultural district and the Market East area, potentially with a hotel or apartment project.
Indianapolis has been given another chance at hosting one of the major events it lost out on in the early days of the pandemic.
Luxury and lifestyle magazine Conde Nast Traveler has released its list of the Top 15 Hotels in The Midwest: Readers’ Choice Awards—and two of them are in Indianapolis.
Plans call for the downtown hotel in the historic Odd Fellows building to feature as many as 164 rooms, a ground-floor restaurant, a rooftop bar and 4,500 square feet of ballroom and meeting space.
The agreement between Crowne Plaza Union Station owner B&D Associates LP and The Spring League LLC would require the league to pay about $850,000.
In 2020, occupancy rates at the Conrad dropped “into the single digits” due to the COVID-19 pandemic. The hotel “lost virtually all of its business income” while incurring “additional expenses for cleaning and disinfecting the property.”
Airbnb has been under growing pressure to clamp down on parties since 2019, when a Halloween house party in a San Francisco suburb ended with five people dead in a shooting.
Kite Realty Group Trust and Capital Improvement Board of Marion County officials said they’re on track to meet a deadline to finish all pre-construction and financing work by the end of 2022. They also released new images for the proposed development.
Patrick Tamm, CEO of the Indiana Restaurant & Lodging Association, said the numbers are ahead of schedule, as many forecasts called for revenues to not return to normal until 2024.
The five-story hotel would be the first Tempo by Hilton in Indiana It would be located behind Kona Grill and open in spring 2024.
Some hospitality experts say that promise—a 100% refund if customers weren’t 100% happy—might’ve made things worse for both the customers and the hotels.
The development team behind a hotel planned for a parcel across from Shapiro’s Delicatessen in downtown Indianapolis is adding about 60 apartments to the mix, as well as a rooftop restaurant.
The proposed downtown development at 230 S. Pennsylvania St. calls for the demolition of a century-old building and the construction of two high rises, including a 26-story apartment tower.
